New PPAs – De-Risk Solutions

Project Finance International Yearbook 2019

Orrick partner Giji John authored an article for Project Finance International Yearbook 2019 on how power-purchase agreements (PPAs) with corporate and industrial buyers have catalyzed the development of renewable energy in the United States.

In the article, Giji describes two new tools designed to reduce risk for C&I buyers: the Proxy Generation PPA, which removes the variability of hour-to-hour operational decisions in financial settlements of electricity, and the Volume Firming Agreement, which hedges C&I buyers from weather-related risks. Giji was a key member of the Orrick team that collaborated with Microsoft in designing these new tools.